40 SUKHOI SU-30MKI Multifunctional Jet Fighters to India

rock45

Active member
40 SUKHOI SU-30MKI Multifunctional Jet Fighters to India & 10 to Royal Malaysian Air Force

Irkut Research and Production Corporation Begins to Supply 40 SUKHOI SU-30MKI Multifunctional Jet Fighters to India
12/4/2007
Irkut Research and Production Corporation has begun to implement a contract to supply 40 SUKHOI SU-30MKI multifunctional jet fighters to India. The additional license contract for 40 fighters has come into force, and have begun to implement it. The company received the first advance payment, and have bought the components. The delivery will be implemented in 2008-2010 by several shipments. At first, four planes, then ten, and then the rest in 2010. In addition, the Royal Malaysian Air Force (RMAF) will receive 10 multifunctional SUKHOI SU-30MKM fighters from Russia.
Link

http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=13291512


On a side note:
Irkut Corp. Reports Earnings Results for the Nine Months to September 2007
11/13/2007
Irkut Corp. announced earnings results for the nine months to September 2007. For the period, the company posted RUR 358 million in net losses according to Russian accounting standards (RAS), in comparison with RUR 439.38 million in net profit for the same period in 2006.
 
net losses

No one seem to pick up on the " the company posted RUR 358 million in net losses according to Russian accounting standards" I find this odd since they seem to make pretty solid sales over the last two years. I wonder if locked in deals like with India over a period of time ended up costing more thus losing money on them.
 
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